The stock last traded at $65.05 which is marginally higher than $61.15, the stock’s 50 day moving average and which is just under the 200 day moving average of $65.62. The 50 day moving average went up $3.90 or +6.37% and the 200 day average went down by -0.87%. Trading was light with 207K shares changing hands on Tuesday. Overall, volume was down 4.97% under the stocks normal daily volume.
Investors are more bullish on shares of the company looking at the fall in short interest. The company had a fall in short interest from September 15, 2017 to September 29, 2017 of -0.71%. Short interest decreased from 3,483,008 to 3,458,298 over that period. With short interest at 3,458,298 and short average daily volume at 264,580, the short-interest ratio is 13.0 and the percentage of shorted shares was 0.09% on September 29.
A few notable investment firms have updated their holdings. As of the end of the quarter Cutler Group LP had disposed of 1,156 shares trimming its position 96.3%. The value in dollars decreased from $3,000 to $2,000 a change of $1,000 quarter over quarter. Gemmer Asset Management LLC added to its holdings by buying 4 shares an increase of 3.9% in the quarter. Gemmer Asset Management LLC claims 106 shares valued at $6,000. The value of the position overall is down by 14.3%.
Conestoga Capital Advisors, LLC bolstered its stake by buying 345,272 shares an increase of 47.8%. Conestoga Capital Advisors, LLC currently owns 1,067,886 shares worth $64,821,000. The total value of its holdings increased 33.5%. As of quarter end Summit Creek Advisors LLC had bought a total of 43,273 shares growing its stake by 19.0%. The value of the investment in WageWorks, Inc. went from $15,316,000 to $16,461,000 increasing 7.5% for the reporting period.
The company’s P/E ratio is 59.41 and the market value is 2.58B. As of the last earnings report the EPS was $1.10 and is projected to be $1.75 for the current year with 39,700,000 shares now outstanding. Next quarter’s EPS is expected be $0.43 and the next full year EPS is projected to be $1.94.
WageWorks, Inc., launched on January 28, 2000, is involved in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act (COBRA) and other employee benefits. The Business’s CDB programs assist employees and their families in saving money by using pre-tax dollars to pay for certain of their healthcare, dependent care and commuter expenses. Employers financially benefit from its programs through reduced payroll taxes. The Company provides operational support services to its clients and its cross-functional teams, including customer support and claims processing..